Indianapolis Times, Indianapolis, Marion County, 8 February 1940 — Page 20

JohnT. Flynn

NEW YORK, Feb. 8.—Thurman - Arnold, in his drive against building industry combinations, is snagging some rare birds. He has just indicted in Chicago Patrick J, Sul-

livan, head of the Chicago Build- ; Trades Council, and William . Hutcheson, first vice president of the American Federation of Labor. But along with them he has indicted Charles Youngblood, an agent of the painters’ union and a delegate to the Building Trades Council. ¥ : f1f you know anything about Chicago building trades you have to . ask yourself—what is Mr. Youngblood doing as an agent of a supposedly reputable labor union? The news accounts stated that Mr. Youngblood was shot down with his wife in a gangland battle last March. But it did not mention, of course, that Mr. Youngblood is an ex-convict and this shooting was merely one of a long series of shootings and murders which have marked the recent history of the painters’ union. 8 8 8

The first of this series of murders occurred in 1934. Frank Carr,

HOGS SELL 15 CENTS LOWER: * RECEIVE 5432

Weights Below 160 Pounds Drop Dime in Trade at Stockyards.

Hogs weighing more than 160 pounds dropped 15 cents more at the Union Stockyards here today, according to the Agricultural Marketing Service. A 10-cent decline was made in those weights yesterday. Lighter weights, which held steady yesterday, dropped 10 cents today. Top price quoted was $5.60 on the 200 to 210-pourd division. Vealers were steady with a $11 top. Fat lamb values held fully steady to strong. :

. Top Rcots.! Feb. Top Rcpts. Feb 8 5.95 5998 6 ...$ 5.85 9266 20000 7 .... 8.75 6310 10,418) 8 ... 5.60 54 Packing Sows

Good and Choice— 275- 300. $ 4.50- 4.60 300- 330. 4.40- 4.

3.... 58 3... 35.85 Barrows and Gilts | Good and Cheice— | 120- 140 $ 4.35- 4.90 6 4.55 4.25- 4.50

OS Bh inentatReatatn © 3a 20

4.20- 4.35 4.10- 4.30 4.00- 4.20

Shoo Q

250- 500. 3.75Slaughter Pigs | Medium and Good— 160- 200. 4.65- 5.40/ 90- 120. 3.50 4.50

QR Boom

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| |

m a day of mechanized war, oil-rich southeastern Europe tak

AMERICAN FIRM

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"N.Y. STOCKS

By UNITED PRESS

ic importance.

TRADING HEAVY IN AUTOMOBILE SHARES ATN. Y.

Prices Turn Upward After Report of General Motors Corp.

> By UNITED PRESS Stocks turned higher in the early afternoon trading today at New York with volume swelled by heavy turnover in low-priced automobile shares. The whole automobile section was better following the General Motors report on sales for January. The total of 181,085 cars and trucks for the month was a record high for a January. It compared with 207,637 | units in December and with 136,489 {in January, 1939. teel issues turned definitely higher and Bethlehem rose nearly $1. Douglas led a rally in the aviations.” Higher sales reports helped the mercantile issues. Westinghouse Electric rose in further response to gains in orders. Railroads were fractionally higher on a better than anticipated gain in. car loadings. Utilities and coppers were steady to

rm. Railroad shares boomed to the highest levels in more than a year and a half at London on general

buying generated by the Govern-

"ON THE

TONIGHT 7:00—Ask-It Basket, WFBM. 8:00—Good News, WIRE. 8:30—Town Meeting, WENR. 9:00—~Music Hall, WIRE. 9:30—President Roosevelt, WFBM.

President Roosevelt who: is, among other things, the nation’s No. 1 Boy Scout, will address the organization’s 1,330,000 youthful members tonight in .connection with the 30th anniversary of incorporation of the Boy Scouts of America. You may hear the talk locally on WFBM at 9:30 p. m. Fifteen minutes earlier, and on the same station, another Roosevelt, Col. Theodore, will speak on behalf of the same occasion. His broadcast will originate in Cadle Tabernacle, and will be carried only locally. : 2 8 2 It all depends on the Great Profile’s current attack of “vitamin deficiency.” But if John Barrymore is out of the hospital and feeling fit, he is scheduled for an appearance with George Jessel on NBCWIRE at 7 o’clock tonight. It would be just as well not to count on it too strongly, however. If Mr. Barrymore does appear, Mr. Jessel and Benay Venuta have written a “confession” for him to read, explaining his part in the revival of “Oh, Johnny, Oh.” ” ” ” Other guests on NBC-WIRE’s log for this evening are Ronald Colman, Ida Lupino and Muriel Angelus on ” ” 2

| ’ « Oy 4 “Good News” at 8 o'clock. They'll play scenes from the Indiana's cure rent “The Light That Failed,” in which they are featured. ; The visitors on the Bing Crosby broadcast (9 p. m.) will include none other than Walt Disney. He's slated for some explanation anent the intricacies of animated cartoon pro duction.

With him will be Ralph Bellamy of the movies, and Mischa Levitzky, the pianist. 2 8 2

All of which just about disposes of the guest stars, except to say that Joe Penner will be confronted by Edward G. Robinson on his NBCBlue show at 7:30 p. m. . . . CBSWFBM's “Strange As It Seems” (7:30 p. m.) will bring you a strange and unfamiliar Lincoln anecdote, plus the story of a curse pronounced on Henry IV of France. ,.. May Robson is featured in WIBC’s Mon-day-Wednesday-Friday transcribed show at 8:30 a. m., beginning next Monday. ’ ® 8»

That new NBC-WENR, “Musical Americana,” will feature 24-year-old James Caesar, Cleveland violin student, at 7 o’clock tonight. Deems Taylor will comment and Raymond Paige will conduct the orchestra. + « « To further the Metropolitan Opera’s fund-raising campaign, a new series will be launched on NBCWENR at 10:30 tonight. It's called “Remember the Met,” and will pre sent opera stars and backstage personalities of America’s famous lyrie theater, now in serious financial difficulties. ’

DOW-JONES STOCK AVERAGES

30 INDUSTRIALS 14), +. Yesterday «....cccov0e00ee.. 146.63 40.70 21% I is Week AZO c.cccocevncnnacees 145.28 —0.10

13 13 | Month Age ........ec.en..e.. 14828 —1.92 “63% 18] Year Ago ............n..... 143.09 —1.44| the listed bond market. Curb stocks

| High, 1940, 152.80; low, 144.65. generally held steady in quiet dealHigh, 1939, 155.92; low, 121.44. ings. :

EE SE EONAR ELECTED BY WAREHOUSEMEN

The Mayflower Warehousemen'’s Association convention at the Claypool Hotel was to close toddy with new officers and directors assuming their duties for the next year. Arthur A. Leonard of the Detroit Storage Co., Detroit, is the Yalnew president succeeding K. K. v, |Meisenbach of Dallas, Tex. Other officers elected yesterday are W. Lee

painters’ union agent, was shot down in front of union headquarfers. Somewhat later William Bubbs Quinland, gangster, tried to muscle in on the painters’ union. He was sitting in a cafe one day, when two [Go other painters’ union business agents entered and in an angry exchange of compliments Mr. Quinland was bumped off. : 2. 750-1100. _6.50- 7.50 “ ‘ONE OF THE UNION officials in i Stoers, Heifers the saloon at the time was Roy oo 750. 9.75-11.00/Choira. x Thompson, business agent of Local| 500- "ne te. 25- 9.75 300-1950... : - 500-800. . 184. A few months later Mr. Thomp Chiles L: edtann 300- 800. son was snuffed cut in character- od— 47a i, HL istic gangland attack. 7.25 8.50 S00 900. Tne Dext painters Jihion Bent to ) 6.00- 1 25/Go04 and Choice— |as the source from which to bolster bite .the dust was John ( 500 down. . 9.23-11.00 : ows Medi her own scanty oil supply. He had spent a year ih ihe pens ti: 8.50 500 down. . 8.00- 9.25 ~ And when tentiary on a charge of robbery in ig 25-8 Calves (heifers) Gan Joh 1923. He was charged with Jareny Criomon 4.50- 5.25 200 down.. 8.75- 9.75 toward that several times but convicted ‘only |™ cytter).. 4.00. 4.501 500 down.. 7.50 8.75 large, mineralonce. He served another term for . .75 2 FTeh SBakm Bil

Slaughter Cattle & Vealers (Receipts, 800) }.® Bulls Steers J Yearunge exuded) . $8.75-10.50/Good ....$ 6.25- 6.7 8

.50-10.25/Sausage— 3 . hos a 1.00|M

ment’s plan to compensate the carriers for their war services. Narrowly irregular price movements marked quiet early trading on

THIS EVENING

(The Indianapolis Times is not responsible for fnaccuraci - nouncements caused by station changes after press me acles; In viorram an :

CINCINNATY WLW 17 (NBC-MBS) Kitty Keene 3 dstroam | ac rmstron Taviation .

HH 4 Dent aker a ento! Guideposts y Lowell Thomas

Pleasure Time : Big, Town

Net Last Change Ya + Ya

IN BACKGROUND

Standard of New Jersey Subsidiary Produces 12 Per Cent.

By TOM WOLF NEA Service Staff Correspondent NEW YORK, Feb. 8.—Blitzkriegs 8.00- 9.00 TUR ON Oil. | 7.15- 8.715) When Germany thinks of oil to 7.00- 8.00 | POWEr her long-threatened mechan- : "lized push against the Allies, she Catves” (sss, 00 thinks of Rumania’s vast oil fields

6.73- 7.00 6.00- 6.75

5.25 6.25 Vealers

CHICAGO WLS-WENR 870 (NBC Net.)

Radio Neighbors

INDIANAPOLIS WFBM 1230 " (CBS Net.)

Kathleen Norris Golden Store Hollywood Scattergood Billy & Betty Plavhouse Linton Wells European News

INDIANAPOLIS WIRE 1400 (NBC-MBS)

Girl Alone Midstream Dick Reed O’Neills

Spelling Ree Dessa Byrd Ensemble Church Fed. Pleasure Time Mysterv Treasure Hunt Dick Reed

Askit-Basket Jessel Celebrities Strange 38 Seems Those We Love

WRF SEE

10.00-11.00 n and .+ 17.00-10.00 . 5.00- 7.60 Feeder, Stocker Cattle, Calves - (Receipts, 425) Steers

9.00 8.50-

1300-1500. Medium — 750-1100. 1100-1300. Common-—

Yesterday Week Ago 000000000000 00000, Month AZO ..i0c0000n00essss 81.43 Year AO ..ciccervcccceeces 80.00 High, 1940, 32.67; low, 30.15. High, 1939, 85.90; low, 24.14. 13 UTILITIES Yesterday oocccovccseccnases Week AZO .ccccovcarcncencens Month AZO c.ooeevecrccenees 25.68 Year Ago :.cccecevicniens.. 24,67 High, 1940, 26.45; low, 24.61, High, 1939, 27.10; low, 20.71.

Anthone Gallicchio’s Or. Garr’s Or. Stories Bud Barton Tom Mix Easy Aces

r. Keene ne, of the Finest

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9.75

News 3% Evening Musie

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. . . .

24.79 24.61

ho —0.01 —a.00 -0.42

—0.62

Inside Sports George Jessel

> nS &

13313

Musical Americana

Joe, Penner Those We wove

Balt & Ohio

Balt & O pf Major Bowes

Glenn Miller Theodore Roosevelt Pres. Roosevelt Singing Cop

—

Amos & Andy

Good News

Goneent Miniature Ted Weems Town Meeting

Good

News

2) Bmw | utuey | OB 20 | ty 38 53585358538 5358 5853 6858

i. . . "High South ae eens 13% er: 0 std Brand

Net Beth Steel Low Last Change

ose 15% 5Y2 5 of. 20 7-31 20 7-32 20 7-32 Air .., 23% 23 23% 22% : 18 5914 57

Boy Scout Week - Tom Thomas

10 O'Clock Final

Hall eran ” ee ”» ”»

econ —

—

Peter Grant P

News Carillon Musio aul

carrying concealed weapons. And he was a painters’ union business agent. Why? What are such gentlemen doing as leaders of “a labor union? At all events he attacked a policeman in 1933 and the officer killed him. : In 1936 a small pamphlet was printed describing the history of this strange union. Some days later the Union Press, where the pamphlet was printed, was dynamited. ® 2 2

ANOTHER PAINTERS’ UNION agent who was with Roy Thompson

op, $5.55: few 300-400 1bs.. $4.65

Sper steers; yearlin| Seer y s and on good tu choice common and

SHEEP AND LAMBS (Receipts, 1179) Sasi Lambs ood an h Yass Medium g Sd .

-$ 9.15- 9.25 ommon ’

ER ss 8.50- 9.00 Ewes (on shorn basis) Good and choice Common and medium 2.75- 4.00

CHICAGO LIVESTOCK

Hogs—Receipts. 16,000: ope : * closing fairl active; around Day: hor ood and choice 180-240 Ibs., [email protected]: D, $5.55: ‘most 240-300 lbs. 84. @s.35: ) ! ; 90; sows barely steady; bulk 360-500 lbs [email protected]; light butchery kinds ar “84.60 os HE Cattle—Recoints. C4500: A - on fat

uneven peddlin t i light steers in broadkillers going slow even light cattle, preferrin

emand, but

medium

i rd | E. P. Bolton

of New Jersey. |

country, s h e sees, in the distance, the United States. Twelve per cent of all the crude oil in Rumania is produced by the Romano- Americana Co. a 100 per cent Ameri-can-owned subsidiary of the

Standard Oil Co. é

Will it be America’s lot to supply,

22% 3

Canada Dry ... 2 Can Pacific .... 5 Caterpillar T .. 4 Celanese prypf.11 2

elo Certainhr;

[+41 |

HHE+:

omwith & So. 1% Comwlth Edison 3 ong Cigar .... 9%

Cc ont

Walworth Warner

S 0... «| SWift Intl ...,

Texas Corp Tex Pac L T Tide W . % Trs & Wi

Union B & P.. 13%

Car

Un Dyewood p United Fruit... Un Gas Im

n Ss U 8 Gypsum.. 84! U F.ees 3 3 U S Steel...... 584

Corp i

S Ru

Vanadium .... 31%

Oil . Ya est Air 147%

Bros. . West Air Bke... 25 25

oo 31%

..00 43% 43% % 57

‘110% 10% 147 —U—

80 48 2 81 1194

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Cotter, Akron, O., secretary-treas-urer; and vice presidents A. M. Kenlon Jr., New Rochelle, N. Y.; H. C. Neal, Cleveland; H. P. Melius, Milwaukee; P. S. Stewart, :Chattanooga, Tenn.; and Guy M. Penn, Santa Ana, Cal. Directors named were W. T. Watson, Buffalo, N. Y.; C. M. Neff, Lancaster, Pa.; Ray Wagner, Springfield, O.; G. E. Nelson, Kenosha, Wis.; J. M. Long, Cedar Rapids, Ia.; J. E. Dupes, Knoxville, Tenn.; M. P. Stremmel, Oklahoma City, Okla.; R. G. Culbertson, . Seattle, Wash.; and Mr. Meisenbach. E. H. Lamkin, Indianapolis, is

ews Bob Crosby Lou Breez ”» ” ”» Paul Sullivan Dick Stabile Owens’ or.

Recordings

net

» ”

Griff Williams

833 5353 58

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INDIANAPOLIS WFBM 1230 (CBS Net.)

Early Birds

(NBC-MBS) Dawn Patrol Markets

He 3 88

News

Freddie Miller Good Morning Melody Weavers Miss Julia

”

Dawn Patrol

2a]

Sm! atom aon3 853

Basonology News

ROW

Indpls. Today Air Kitchen

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Editor's Daughter Devotions

Erwin’s Or. Ranny Weeks .” ” Moon River » ”»

Powell's . Or. Foster's Or, ”n »

FRIDAY PROGRAMS

INDIANAPOLIS WIRE 1400

CINCINNATI (NBC-MBS) Mornin word Time to Shine

Gospel Singer Lulu Belle

Caravan Qilia Blake otton Queen News

INDIANAPOLIS WIBQ 1050

Devotional Musketeers

Breakfast Jam ” ”»

”» ”»

Beirne Spot Tr Foolli hy

+ : grades 4 Ww! $9.25 d : as. when Quinlan was killed was Roy fener or ls 12 20d Selo in the long run, a substantial load |Co° - 24% 110% 110% . Man 1 Married Man I Married

_Shields. He had a long record of arrests. His brother Robert was also a union official, secretary of a painters’ local. Robert was mysteriously murdered in 1937. This does not sound like the story of a

" labor union, but rather of a gang of hi-jackers in the good old Capone days. But there was one more crime to complete the series. Charles Youngblood was a painters’ union agent and was known as one of Dugan's “persuaders.” He was sentenced to 20 years for robbery in 1920 on one indictment and forslife on another. He was paroled in 1925 and three years later returned to jail for violating his parole. , After serving several years more he was pardoned in the custody of Artie Wallace, head of the painters’ council in Chicago. Then last

March he and his wife were shot by |’

unknown gangsters. Now he has been indicted by Mr. Arnold for the comparatively innocent little sin of violating the Sherman anti-trust law. What is this man doing in office as a leader of labor in Chicago?

MILL BUYING AIDS GRAINS AT CHICAGO

CHICAGO, Feb. 8 (U. P.).—Wheat firmed under buying atributed to milling interests on the Chicago Board of Trade today after opening irregular. Corn remained about steady while other grains showed sympathetic strength. . At the 'close of the first hour wheat was up 4 togs cent with "May at 98%. Corn was unchanged to off cent, oats up % to 3% cent and rye unchanged to 1% cent

ettin

choice weight erings absent: Jogus. [email protected]; vealers up to killers ly $10.75 down Sheep—Receipts, fat lambs Soa: 1 day's openint;

about stead

eep weak; spots 1 choice ewes, lambs opening slow: bids;

held, [email protected] choice 112 1b., steady on sheep.

eifers and cows firm: ady; heav $7.25; beef buil $6.75" paid $11 for selected vealers; mostat close

late Wednesday ents under ues

9000; 0@25 c bulk

down; [email protected] s Yoglen

paringly to shippers: $3.75@5; today’s

5; asking around choice woolen lambs bid

1 ium to most action at $8.50 9 scaling over 1400 Ibs.; biddin,

steers; best ye

@9.25; s

lambs,

OTHER LIVESTOCK

CINCINNATI, Fe

Saabe Jago. toa even; - S., butchers, 15¢ lower; 160 ) sows, steady: jop $5 5.

@5.65; 100-140

250; action heifers bulls steady; heifers, $8.85: packa

only

Sheep—100;

9.50: FT Ind

i 160-180 1bs..

1bs,, $4.40 roughs, Lambs, $

Advance Alum .. Armour Co Asbestos Mf

g Com Comp consum p Dayton R Decker & C pf Elec Househd Ind Pneu Tool

higher. Soybeans were off 4% to % 3

cent.

WAGON WHEAT

« Indianapolis grain elevators are pavin for No. 1 red wheat, 93c: subject to Lt ; other grades on th c ; No. ellow. shelled, 51c; No. 2 white, shelled. 57c; No. 2 white oats. 34c.

.|Stan Dred

M Field Noblitt-Sparks No-Amer Car Nor Ill Fin Cais St Louis NSYds .. Schwitzer-Cu 3 Serrick Corp B

of Union Carb Woodall Ind

firm, cows strong short load a

.50: practical .25; vealers, 11: bulk good and choice, $10@11 _ indications a good and choice Sooled lambs q common and medium, $7@ WAYNE. 8 Hi

. WA : oe —15¢ lower: 200-220 Ibs.,

bs.. % $4.35; 140-160 1bs., §

$3.75; stags, $2.75. Calves,

season,

1bs.. 2 75: 220-240 1bs., $5. [email protected]; Te $4

own. Cattle—Salable, 300; 325; calves f arl d

rlings

: 8.50; common [email protected]; canners and ‘top sausage lower, top,

round ready; uote 8.75 e

325-350 1bs

Chicago Stocks

Last 2 5% 30% > about 15 per cent

Y 3 13

g lower on strictaly choice ofarlings, $11.65; few $8@ and ausage bulls down; small

trade fa sellers refusing lowe eady: good a [email protected]; be and above: $8.50;

T ! i by id “We hear very little from Ruthree ' decks undertone around

3 by

= (U. ~—Hogs $5.45; 180-300 108° ; 220-240 1bs., $5.20: lbs.. $4.80; 280-300 1bs., 4.65; .15; $11,

/s|to the neighboring Danubian and s | Mediterranean do

of power to Germany's mechanized might? “It’s hard to say what may happen. Your guess is as good as mine.” The answer came from Ralph Peter Bolton, the man probably best equipped to know. Mr. Bolton, a tall, greying Englishman in his late ns is manager for

all European production by the Standard Oil Co. of New Jersey.

mania since the outbreak of European, hostilities, Probably that’s

are great countries for gossip.” Mr. Bolton does know, however, ! that to date almost no restrictions ‘jon oil production have been made the Rumanian government. There always have been regulations—mining laws similar to those ‘all over the world.

Establish Commission

Recently, too, the government established a commission to regulate and police | the oil industry. But so far this appears to have been merely a precautionary measure—a law to make strict govrnment regulation easy, if and

n. “We have a production of about. 15,000 barrels a day, compared with Rumania’s total daily output of 124,000 barrels,” Mr. Bolton said. He took a long pull jon his pipe and glanced down at the maps of central Europe he keeps in front of him under the glass top of his large, unlittered desk. : “Normally, Germany would get

20 per cent would be sold internally in Rumania; and the rest would go

Actually, so far as we know, there have been the war.” | Demand Changed

If the war has not changed the distribution of the Romano-Amer-icana’s oil supply, it has radically altered the demand for it. Britain and France have no particular need for this oil. In the first place they

No. 10

~ Your Federal Income Tax

already own a large number of Rumania’s oil wells—90 per cent of which are foreign-controlled.

especially need the oil themselves, they do not want Germany, who needs it badly, to get it. Therefore

Crown Cork .... Crown Zeller .. 1 Cutler Ham ... 19%

Dome Mines ... 22 Douglas Airc ... 83% Dresser Mfg ... 17%; Du Pont ......181%

HE HH]

83 17% 17% 181% 181%

; —e Eaton Mfg .... 81 31 31 rie 1 1% 1% in 8% 8% + %

+ a

oes 39 8% —f Fair, The pf.. 31 Fed Lt & eee 16% Firestone T ... 2 F Mch cu cv pf 105 Freept-Sulphur. 34%

37 16%

105 an

367% 16%

105 34

just as well because the Balkans 3

of this oil; about |M

no changes since the outhreak of |N

But while the Allies: do not]!

A ciiee 2% BY eve 3%

47 a 53% Ya 17%

Gen Foods .... Gen Motors .

Bw Ww 8

hr + 1% | Algm + Ys

Young Sheet .. 41% Zonite ...

Curb Stocks

8 6's ige 14s hpf ... 34 2 Greyhound Cp.. 16% 16% ll Here Pdr pf...131 131 Hud Bay M & 8S 24% 24% a —T Ind Rayon 262 28% [nspiratn Cop. 113 113 [nterchem pf...110 10 nt Harvester.. 53% 53% nt Nickel ..... 38% = 367% n vanes 133 13 nt P&P pf ... 58% 581 Intertype 8% 8%

eses ®

131

Ta i *

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sesees ye vees 12 f .. 135 7 pf 59

tC Kennecott . 36 38 Kinney 5 pf ... 30% 30% Kresge SS ...., 25% 25%

L-O-F Glass ... 497 9 Libby McN & L 7 Lockheed Aircrft 31% 31 Loew’s 357 5 35% Loft, Inc .. 24% 24 Lone Star Cem’ 44%2 4473 4414 39% 29

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Ohio Oil 687 Omegibus OutBoard Owens Ill Glass

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Pac. Coast 8 Packard 3%

Niag

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Pet

[nt Pet reg... Riuesion Pro .

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159%

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End

krona) Norway (krone) ....... Denmark (Krone) ..... Japan (yen) ... €XiCO (PESO) eevsseee *Nominal.

40%

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executive. secretary of the nationwide group of independent warehousemen with headquarters at 454 Consolidated building.

-|Morris Plan Re-elects

Ihdianapolis Morris Plan officers and directors have been re-elected and J. Richard Freije has been elected assistant secretary, it was announced today. ? William L. Schloss is president; P. C. Neidlinger and Howard M. Coots, vice presidents, LeRoy Kahler, secretary-treasurer; Jackiel W. Joseph, counsel and director; William R. Mathews and H. L. Solomon, directors. The new Morris Plan offices at 110 E. Washington St. are expected to be ready for occupancy about March 15,

Applications Hold Own Despite sub-zero temperatures, plans for acquiring residential properties did not slacken in January, Indiana Federal Housing Adminis-

‘4, |trator R. Earl Peters reported today.

For the week ending Feb. 2, 108 applications totaling $465,800 were received by the local office for FHA mortage insurance on both new and ¢ existing homes. The same number of applications were received in the comparable week of 1939 with a total value of $431,222, : Of the 478 applications received in January, -amounting to $2,040,800, 195 were for JA insurance on new small homes, with a total value

3 of $960,600. The remainder, 282, to-

FOREIGN EXCHANGE aE Sok: eb, 8 (7. P)—Fellowing

England Canada

cies: Chg.

|B .. | Cent

Pan Am Afirwys 19 Penn RR ‘2% Peoples Gas ...

361, Pere: Mat pf.... 2 ; Pere Mat pr pf. 23%

ULL +++]

7 8% Re

of the Times

See Final Edition

taling $1,080,200, were for refinans|cing mortgages on existing homes into FHA'’s single mortgage plan.

LOCAL ISSUES

The following Juotations hy the Indianapolis Bond & Share Corp. do not represent actual price offerings. but merely indicate the approximate market level based on buying and selling quotations of recent * | transactions Stocks Bid Ask

Agents Finance Co com . Belt RR & Stk Yds com . elt RR & Stk Yds p Ind Pow 7% pfd . |Hook Drugs (nc com Home T& Wayne

Ft 7% pid ec 7% pid.. : rv pfd.. .

% pl Serv 7% Progress Laundry ........... Pub Serv Co of Ind 6% pfd.. 38 Pub Serv Co of Ind 7%

Kitty Rey, Myrt and Marge Hilltop Stepmother

Short Stories Life Begins Big’ Sister Jenny’s Stores

Kate Smith Girl Marries Farm Circle

Other Wife Plain Bill

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David Haram Road of Life Against Storm Guiding Light

Singin’ Sam Dr. Mal

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Linda's Love

The Kellers Farm News Kitty Keene Noon Tunes

Lanny Ross Joyce Jordan Butler Forum My Son & 18

Society Girl Glee Club Air | School

Reporter Headlines

ettvy and Bob

B3lasns 8

Valiant dadv Betty Crocker.

Marv_ Marlin Ma IN epper Yon Vic & Sade

| wor0rare pid Slain C1

RD | ey £352 &8n

Stella Dallas Lorenzo Jones Widder Brown

Girl Alone Midstream Dick Reed O’Neills

Hits & S William Wirges Smilin’ Ed

Kathleen Norris G ore

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LOCAL PRODUCE

Heavy breed hens, 5 lbs. and over, 12c; under 5 1bs., 10c; Leghorn hens, 7c; Barred and White Rock roasters, 4 lbs. and over, llc; under 4.1be, So avy bpeed stass Te; Leghorn broilers, 5. A! y capons. 9 lbs. and over, 18c; 8 lbs. “and over, l4c. ¢ No. 1 strictly fresh country run eggs, 20c; each full case must weigh 55 Ibs. ross; a net deduction of 19 cents for each ull case under 55 lbs. will be made. Butbertat No. 1. 285. No. 2 27e utterfa 0.1, ; No. 2, : ', (Prices Quoted by Wadley Co.)

DAILY PRICE INDEX

NEW YORK, Feb. 8 (U. P.).— Dun & Bradstreet’s daily weighted price index of 30 basic commodities, compiled for the United Press (1930-32 average equals 100):

Yesterday Week AZ0 ....coovceeseneass 119.63 Month AZO ...eceseesesseeses 122.19 Year AZO .....c.cccreecnrees 10463 1940 High (Jan. 2) «......... 123.34

AUTHORITY! 1940

Woman in White Women’s News alone Woman of Courage Rhythmakers, Mamet) *"Weather

cale rimm’s Daughter Harlin Bros.

Three-quarter time Backstaze Wife

34'2@35c; No. 2 32%2@33c. P

| Customs .. '218,587.845.68 92,99

sessessiscs esse 118.76 Cel

Me! Musi Other Wife Plain Bill Little White House

Linda's Love oad of Life eterans

Charm Honse

Friendlv House

; Bley Hospital Castletime Noonday, , Rhythms

oe ”» tl ”

Farm Hour oy and G ' Ranch Boys Home Folks Bill Jones Tommy Sutton

Musi

Livestock Reports Ellen Randolp Editor's Jaughter Peter Grant

Bettv and Bob Grimm’s Daughter an 0x Valiant Lady Haven of Rest Betty Crocker Piano Moods Marv Marlin Sugat's 9% Ma Perkins Tr er epper ongers Jo vie "% Sade Backstage Wife Stella Dallas

iss Julia ‘Beautiful Life Kittv Keene Midstream

J: Armstrons a Preview

3 o'clock , ‘Clarence Gillilund Request Time

Dr. Swing Question-Air Around Town

KEY NETWORK STATIONS (Subject to change): UBS—WABC, 860; WJR, 750; WHAS, 820: KMOX, 1090; WBBM, 770. MUTUAL—WOR, 710; WHK, 1390; WHKC, 640; CKLW, 1030; WSM, 850. NBU-BLUE—=WIJZ, 760; WOWO, 1160; WLS-WENR, 870: KWK. 1350. NBC-RED—WEAF. 660; WTAM, 1070; WWJ, 920; WMAQ, 670.

U. S. STATEMENT

WASHINGTON, Feb 8 (U. P.).—Governe ment expenses and receipts for the currents fiscal year through Feb. 6, compared with 8 year ago: This Year Last Year ’ ses ..$5,657,311,012.41 $5,444,881,758.8 Reports Leas 289.52 3,419,695, 537.33 Gross Def.. 2,437, 2,025,186,231 t Love 3.411, 31 422

47 ),105,799.41 ,088.59 4,094.24

INDIANAPOLIS CLEARING HOUSE

sesesnenss tassianesnrens $2,639,00 i, 6,899,00

FOOD PRICES

CHICAGO, Feb. 8 . (U. P.).—Apples—= Michigan Mackintosh Bu. S12001 38, Sweet Potatoes—Tennessee bu., [email protected]. crates, 90c@$1.25. lugs, $4.35. Spinach— Texas bu., [email protected]. Cauliflower—Calie fornia crates, [email protected]. Oarrots—Cali« fornia crates, [email protected]. Onion Marked 50-1b, sacks): Colorado Sweet Spanish, 90¢. linois yellows, 85c.

elery — Michigan Tomatoss—Mexican $1.50

THE SPORTS FAN'S

8% for

Closing Stock Quotations and Other Late News

30 Ind Gas & lerre Haute Elec pfd Union Title Co com.......... 35 Van Camp Mik pfd...,...... 64 Van Camp Milk com....e..0. 11

American Loan 5s 51......... 98 American Loan 5

they buy as much as they can. The extent to which demand has increased is shown by the rise in price per barrel—from [$1 to about $3.30— which has taken place in the past few months. ; Despite this price rise, RomanoAmericana’s strictly neutral distribution policy will remain unchanged—if ioe

Taxpayer and Dependents Need Not Live in

Same Residence for Entire Year. 8 2 2 o 2 2

Exemptions Allowed Head of a Family

A head of a family is defined by income-tax regulations as “an individual who actually supports and maintains in one household one or more persons who are closely connected with him by blood relationship, relationship by marriage, or by adoption, and whose right to exercise family control and provide for these dependent individuals is based upon some moral or legal obligation,” The exemption allowed a head of a

family is $2500. The phrase “in one household may be interpreted as meaning the taxpayer's personal residence, an apartment, rooms in a boarding house, hotel, etc. . Under certain circumstances it is not necessary that the tax- ~ payer and his dependents live under one roof during the entire taxable year in order that the taxpayer may be allowed the exemption. If the common home. is maintained and the parent is away on business or a child is away at school or on a visit, the exemption is allowable. Moreover, if a parent 'is obliged to maintain his dependent children with relatives or in a boarding house, while he lives elsewhere, the exemption still applies. If, however, without necessity, the dependent makes his home elsewhere, the benefactor is not the head of a family. The same rule is applicable to the term “living together” in the case of a husband and wife. If occasionally and temporarily the husband is away on business or the wife on a visit, the common home being maintained, the $2500 exemption still applies. The unavoidable absence of husband or wife at a sanatorium does not preclude the exemption. But if the husband continuously makes . his home at one place and the wife at another, they are not living ~ together within the meaning of the Internal Revenue Code.

adio 5% Republic Sti'... 207% 20% Se

48 48% Schulte pf .... 6} Vg « st Dp, §% 113%

arp & seve Shell Un Oil .. 11% Smith A O .... 15 esos Socony Vacuum. 113; tens

cevnsa.

WORLD ALMANAC

and Book of Facts New York World: Telegram

: Book of Facts sports Faots! eA Ke i

Safeway 6% 5

+++

Commerce Department Says

"40 Business Ahead of 1939 iui

WASHINGTON, Feb. 8 (U. P.).— Business activity during Januasy declined somewhat from the high levels attained in December but was “well ahead” of the figure set in January, 1939, the Commerce Department reported today. The Department's monthly business review showed that activity was relatively high in plants producing “advanced manufactures” where substantial, unfilled order totals were carried over from last year. A decrease in “primary manu-

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“We have long-term contracts with our customers,” explained Mr. Bolton. “For ample, Standard Oil of New Jersey owns the DesutschAmerikanische troleum Gesselschaft, a big marketing organization within Gee:

“No Politics”

“It is only natural that this American-owned company in Germany should look to the RomanoAmericana, it: sister company, for supply. And in return it’s only natural that Romano - Americana should want to distribute through the affiliate with which it has had

contracts and good business rela- factures,” attributed to a higher

tions. for so long. rate of Re | ” production than called for Let’s put it is” oi Mr. Bolton by new business, forced the general

decline, the report sald. During the | X\R°is, Water Works %5 €5...105 fourth quarter of 1939, the industry, Ndi Sous 3s 1.00 8 in an attempt to work off the Dub C

accumulation of orders, reached a peak of 94 per cent of capacity but i |” 1

‘the rate dropped off to about 72 per TYPEWRITER ALL AMATEUR AND PROFESSIONAL CHAMPIONS, RECORDS

In contrast, the machine tool and aircraft industries continued strong @® Auto Speed © Baseball © Basket. O/YMMo Games © Polo © Race ball © Billiards © Bowling ©

throughout the month. This was attributable partly to plant expansion [for war orders and national defense Boxing © Canoeing © Oricket ® Fencing © Football © Golf ® Gymnastics © Handball ©

o worth the price.

purchases.

TRUST SERVICE TESTED BY EXPERIENCE

This Trust Company offers Trust Service Tested by 46 years of experience in administering the estates of hundreds of representative citizens.

“THE UNION TRUST COMPANY

Capital and Surplus $3,000,000.00 Ge Member—Federal Deposit Insurance Corporation

continued. His soft, low voice level downward, however

showed traces of the accent he ac- The Department cited a decline in quired as a youth in Rumania, |ine prices of basic industrial raw Where he was born—son of an Eng-| materials as “an outward manifeslish industrial engineer. . | tation of the more cautious purchas-Romano-Americana is definitely|ing policies that have prevailed not going to play politics. We'll lately.” : supply our old customers, Allies,| A drop in steel orders, which conGermany and neutrals alike, at the stitute a heavily weighted factor on|f same rate we always have, - monthly index, featured the|l a

THE INDIANAPOLIS TIMES |